Stock futures edge lower ahead of key economic data, threat of fresh tariffs: Live updates
Published On Feb 9, 2025, 6:03 PM
Stock futures are showing a downward trend as investors prepare for a week filled with important economic data and potentially new tariffs announced by President Trump. The Dow futures fell 62 points and the S&P 500 and Nasdaq futures also experienced minor declines. There is speculation about new tariffs on steel and aluminum imports, which could have long-term implications on business practices and consumer spending due to heightened uncertainty. Key economic reports on consumer and producer prices and jobless claims will be released later this week, and investors are closely monitoring how these will affect market conditions.
Stock Forecasts
XLB
Negative
The ongoing uncertainty surrounding tariffs could lead to a market slowdown, especially if consumer spending weakens due to inflation pressures. As these tariffs become effective, the broader market may feel the impact, particularly in affected sectors such as industrials and materials.
SPY
Negative
As inflation rises and economic data shows slower growth, companies might face increased costs leading to margin pressures. Tariffs specifically can exacerbate these conditions for many sectors engaged in importing raw materials.
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